Reed's, Inc. Reports International Sales up 96% in 2010
01 Febbraio 2011 - 1:00PM
Marketwired
Reed's, Inc. (NASDAQ: REED) (OTCBB: REEDP), maker of the
top-selling sodas in natural food stores nationwide, announced
today that sales of its products internationally rose 96% in 2010,
helping to fuel record revenues of over $20 million for the year.
"While the U.S. is such a big playground for Reed's and
represents the lion's share of our business, we also have
distribution in many countries around the world," commented Mr.
Chris Reed, Founder, Chairman and CEO of Reed's, Inc. "In 2010,
strong international sales of our brands helped to drive record top
line growth. Our natural beverages are also sold in Canada and
Mexico, as well as in Europe, the Middle East, Africa, Japan and
Singapore. We're thrilled to see our sales climb outside of the
U.S."
Neal Cohane, Reed's Senior VP of Sales and Marketing, stated,
"Even though our focus is in the U.S., opportunities to build our
brand internationally are still largely untapped. Overseas
consumers are becoming much more sophisticated about looking for
the best natural products and premium brands such as Reed's and
Virgil's. Our beverages represent a unique alterative to the
ordinary and we look forward to increasing our presence
internationally."
About Reed's, Inc.
Reed's, Inc. makes the top selling natural sodas in the natural
foods industry, sold in over 10,500 natural food markets and
supermarkets nationwide. In 2009, Reed's started producing Private
Label natural beverages for select national chains. Its six
award-winning, non-alcoholic Ginger Brews are unique in the
beverage industry. Ginger Brews are made using fresh ginger, spices
and fruits with a brewing process that predates commercial soft
drinks. Reed's, Inc. owns Virgil's Root Beer as well as China Cola.
Recently, Reed's introduced its Reed's All Natural Ginger Nausea
Relief product for the drug store and grocery retail channels.
Reed's also acquired the Sonoma Sparkler brand at the end of 2009,
an all natural sparkling juice celebration drink with an
established customer base. Other product lines include Reed's
Ginger Candies and Reed's Ginger Ice Creams.
Reed's products are sold through specialty gourmet and natural
food stores, mainstream supermarket chains, and restaurants
nationwide. Reed's products are also sold in Canada and Mexico,
along with a small presence in Europe, the Middle East, Africa,
Japan and Singapore. For more information about Reed's, please
visit the company's website at: http://www.reedsinc.com or call
800-99-REEDS.
Follow Reed's on Twitter at
http://twitter.com/reedsgingerbrew
Reed's Facebook Fan Page at:
http://www.facebook.com/pages/Reeds-Ginger-Brew-and-Virgils-Natural-Sodas/57143529039?ref=nf
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SAFE HARBOR STATEMENT
Some portions of this press release, particularly those
describing Reed's goals and strategies, contain "forward-looking
statements." These forward-looking statements can generally be
identified as such because the context of the statement will
include words, such as "expects," "should," "believes,"
"anticipates" or words of similar import. Similarly, statements
that describe future plans, objectives or goals are also
forward-looking statements. While Reed's is working to achieve
those goals and strategies, actual results could differ materially
from those projected in the forward-looking statements as a result
of a number of risks and uncertainties. These risks and
uncertainties include difficulty in marketing its products and
services, maintaining and protecting brand recognition, the need
for significant capital, dependence on third party distributors,
dependence on third party brewers, increasing costs of fuel and
freight, protection of intellectual property, competition and other
factors, any of which could have an adverse effect on the business
plans of Reed's, its reputation in the industry or its expected
financial return from operations and results of operations. In
light of significant risks and uncertainties inherent in
forward-looking statements included herein, the inclusion of such
statements should not be regarded as a representation by Reed's
that they will achieve such forward-looking statements. For further
details and a discussion of these and other risks and
uncertainties, please see our most recent reports on Form 10-KSB
and Form 10-Q, as filed with the Securities and Exchange
Commission, as they may be amended from time to time. Reed's
undertakes no obligation to publicly update any forward-looking
statement, whether as a result of new information, future events,
or otherwise.
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Investor Relations Contact: Mr. Andrew Haag Managing
Partner IRTH Communications, LLC Tel: +1-888-825-6456 E-mail: Email
Contact Website: www.irthcommunications.com
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